Winpak (TSE:WPK) Downgraded to "Hold" Rating by National Bank Financial

Key Points

• Winpak (TSE:WPK) has been downgraded to a "hold" rating from a "strong-buy" by National Bank Financial, indicating a less favorable outlook for the stock.
• National Bank Financial also reduced its target price for Winpak from C$52.00 to C$48.00, reflecting concerns about the company's future performance.
• Despite the downgrade, CIBC has raised their target price for Winpak from C$50.00 to C$52.00, maintaining an "outperform" rating.

Winpak (TSE:WPK - Get Free Report) was downgraded by analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on WPK. CIBC boosted their price target on Winpak from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. National Bankshares lowered Winpak from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$52.00 to C$48.00 in a research note on Friday, July 25th. Finally, Cibc World Mkts upgraded Winpak from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd.

Winpak Trading Up 0.1%

Shares of TSE WPK traded up C$0.03 during trading on Thursday, reaching C$40.91. The company had a trading volume of 28,600 shares, compared to its average volume of 57,621. Winpak has a twelve month low of C$37.57 and a twelve month high of C$51.16. The stock has a market capitalization of C$1.79 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The stock has a 50-day moving average price of C$44.49 and a two-hundred day moving average price of C$42.67.

Winpak Company Profile

Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.